Cannell & Spears LLC Trims Stake in FTAI Aviation Ltd. $FTAI

Cannell & Spears LLC lowered its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 88.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,484 shares of the financial services provider’s stock after selling 311,372 shares during the period. Cannell & Spears LLC’s holdings in FTAI Aviation were worth $7,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTAI. Mather Group LLC. bought a new stake in shares of FTAI Aviation during the third quarter valued at approximately $28,000. Global Retirement Partners LLC raised its holdings in FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares in the last quarter. GAMMA Investing LLC lifted its position in FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after buying an additional 97 shares during the period. Rossby Financial LCC lifted its position in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after buying an additional 65 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of FTAI Aviation by 11.0% during the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FTAI shares. Morgan Stanley upped their target price on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Barclays boosted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Wolfe Research reiterated an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $292.78.

FTAI Aviation Price Performance

FTAI opened at $222.24 on Friday. The stock has a 50-day moving average price of $272.50 and a 200-day moving average price of $205.80. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The firm has a market cap of $22.80 billion, a PE ratio of 48.10, a P/E/G ratio of 0.90 and a beta of 1.50. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $662.03 million for the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 13th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio is presently 30.30%.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.